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The Markov Process Model of Labor Force Activity Extended Tables Bb Form

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in the last lecture we focused on two continuous time processes the poisson process which we've explicitly constructed and pre-brownian motion which we constructed a la the komogorov extension theorem in terms of its transition kernels now there's something special about the transition kernels of both of those processes let's look again for the poisson process nt its transition kernel qst is given by this formula here which is the form we'll always get when we have independent increments and this random variable nt minus ns is a poisson distributed random variable with rate lambda times the euclidean length of the time interval t minus s so that means that we can calculate this as the sum over all those integers in the set b of the poisson probability mass function of the singleton m minus n and the key feature i want to point out here is that therefore this kernel depends on s and t only through t minus s we saw the same thing for our construction of a

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